Power bills, difficulty rate, mining rigs cost etc
I mean the permissions to be able to transfer that bitcoin value into USD - Doesn't the governments have to allow that bitcoin value to be allowed to transfer into there currency? Does this mean there is significant government involvement in bitcoin since they allow it to be traded into the nations currency?
do you need a government signed document to transfer your fiat into a candy bar, or to convert it into a tin of baked beans?.. no
do you need permission to convert american fiat into euro fiat? no
bitcoin is classed as an asset currency, not a fiat currency, so think of it as buying anything in a shop, whether its someone elses products or currency
